BCFN vs SPY

Quick Verdict

SPY has a lower expense ratio. SPY offers more diversification with 503 holdings.

Lower Fees: SPYHigher Returns: TiedMore Diversified: SPY

Side-by-Side Comparison

MetricBCFNSPYWinner
Expense Ratio0.80%0.09%
AUM-$789.1B
Dividend Yield0.00%1.01%
Holdings44505
YTD Return-6.28%+13.39%
1Y Return-+22.52%
3Y Return (annualized)-+21.36%
5Y Return (annualized)-+13.19%
Volatility (annualized)-15.3%
Max Drawdown-20.9%-56.5%
Fund FamilyBaron FundsState Street Investment Management
CategoryEquityEquity
InceptionDec 12, 2025Jan 22, 1993

BCFN vs SPY Performance

Baron Financials ETF (BCFN) is a ETF from Baron Funds and State Street SPDR S&P 500 ETF Trust (SPY) is a ETF from State Street Investment Management. Year to date, BCFN is down 6.28% versus a gain of 13.39% for SPY.

Risk: Volatility and Drawdowns

The deepest peak-to-trough decline in our data was -20.9% for BCFN and -56.5% for SPY. Drawdown depth is worth weighing if you expect to sell during market stress rather than ride it out.

Fees and Cost Over Time

BCFN charges 0.80% per year while SPY charges 0.09%. On a $10,000 position that is $80 vs $9 annually, a gap of $71 per year that compounds over a long holding period. On income, BCFN currently yields 0.00% against 1.01% for SPY.

Holdings Overlap

6.5%overlap

BCFN and SPY share 25 holdings out of 520 unique holdings combined, representing a 6.5% weight overlap.

Moderate overlap means holding both could provide meaningful diversification benefits.

Top Shared Holdings

StockWeight in BCFNWeight in SPYDifference
V5.86%0.92%4.94%
MA5.58%0.66%4.92%
JPM:US4.20%1.40%2.80%
BACProProPro
SCHWProProPro
MSProProPro
IBKRProProPro
SPGIProProPro
MCOProProPro
KKRProProPro
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Frequently Asked Questions

Which is cheaper, BCFN or SPY?

BCFN has an expense ratio of 0.80% while SPY charges 0.09%. SPY is the cheaper option. On a $10,000 investment, that is $71 per year of difference.

What is the holdings overlap between BCFN and SPY?

BCFN and SPY share 25 common holdings with a 6.5% weight overlap. Combined, they hold 520 unique securities.

Which pays a higher dividend, BCFN or SPY?

BCFN yields 0.00% while SPY yields 1.01%, so SPY currently pays the higher dividend yield.

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